Apple continues plunge, but weaker dollar may bring salvation

Apple stock just suffered through its worst week since last February and is again on the downward move in Monday trading, but a weaker dollar may come to the stock’s rescue.Kriti Gupta for Bloomberg News:The tech giant hit a $3 trillion market capitalization on Jan. 3. Since then, the stock has lost 13%, while the S&P 500 has lost 11% with mega-cap tech shares taking a beating. The correlation isn’t new. Each time Apple’s market value has hit a trillion-dollar milestone, th